Audit & Tax Advisory

Audit and Assurance Services

Whether audit is required as statutory compliance or for your own internal control purpose, in any case, you will end up with a wealth of information that can be used to fine tune your business and boost your profits to the maximum.

Your bank, your suppliers, private investor and other stake holders expect assurance that the financial statements are complete and accurate to make informed business decision. They all also need insight into the risks your business faces and the internal controls that mitigate those risks.

We encourage close collaboration, with our clients and between our tax and audit professionals by maintaining the same audit team year after year so that we become increasingly more effective and efficient in our work. Our collaborative, accessible approach means that you receive our best thinking and most relevant insights each time you work with us.

Our assurance service includes

Internal / Concurrent Audit

Statutory Audit

Fraud /Special Investigation & Forensic services

Special Purpose Audits

Certification

Tax Advisory

Getting your tax right has never been more important. Penalties are growing and Income Tax Department is cracking down more and more. We’ll make sure your tax affairs are legal and accurate, right down to the last detail. From ensuring timely and accurate submission of tax returns to attending to the Assessment Procedure, our tax expert team will assist you so that your company is in compliance with the requirement of the law and at the same time does not incur any undue tax liability.

Knowing the applicability of withholding tax on your overseas transactions is very necessary to avoid penalties and tax burden at later stage. Our experts can provide timely advice on applicability of withholding tax and ensure compliance with the same.

VAT

VAT is expected to be introduced from year 2018. All companies must understand the applicability of VAT and assess its impact on the business.

We will take care of all your VAT needs. Often this leads to better cash flow and sometimes even a hefty rebate where you’ve overpaid your VAT.

Our tax advisory expert can assist you with following services.

Corporate Tax

VAT

Witholding Tax

Cross border transactions and transfer pricing.

Tax Assessments

MGI Vision Chartered Accountants (MGI VCA) is an assurance, tax and consulting firm registered under the commercial laws of Oman, established in the year 2011 by Mr. Abdul Majid Al Abri, an international rank holder CIA, and professional CFE.